At a time when the subprime loan fiasco is wreaking havoc on the economy, the Federal Trade Commission (FTC) has decided to settle a case against a group of marketers supposedly targeting “subprime consumers.”  As a part of this settlement, EDP Technologies Corporation has to pay over $2.2 million along with others for consumer compensation. As per the FTC the defendants had promoted a specific kind of prepaid bank-issued Visa and Mastercard debit cards through their Web sites, emails and pop-up ads. They were also accused of charging high fees without approval to consumers’ bank accounts. They had marketed unrelated short-term loans including SuperAutoSource.com and SuperCashSource.com.

Apart from the heavy penalty, the defendants have also been ordered to sell a car and deposit the net proceeds derived from the sale. All the funds will be utilized to pay associated fees, expenses, and liabilities. The defendants have also been disqualified from debiting any consumer’s account without permission. They must explicitly disclose all fees connected with attaining the debit and credit cards. Industry watchers believe that the FTC had been tracking numerous such players in the lead generation sector for quite some time.
 

Things to consider:
Display Cases at great prices.